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Bitcoin

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<p>MicroStrategy continues to strengthen its position in the cryptocurrency market. The company recently purchased <strong>21,550 BTC</strong> for <strong>$2.1 billion</strong>, paying an average price of <strong>$98,783 per Bitcoin</strong>. This latest acquisition has resulted in a <strong>43.2% gain this quarter</strong> and a <strong>68.7% increase this year</strong>.</p>   
<p>As of <strong>December 8, 2024</strong>, MicroStrategy’s total <a href="https://treasuries.bitbo.io/microstrategy/" target="_blank" rel="noreferrer noopener">Bitcoin holdings </a>stand at <strong>423,650 BTC</strong>, bought at an average price of <strong>$60,324 per Bitcoin</strong>. This brings their total investment to around <strong>$25.6 billion</strong>.</p>   
<h2 class="wp-block-heading" id="h-saylor-s-vision-for-bitcoin">Saylor’s Vision for Bitcoin</h2>   
<p>Michael Saylor, Executive Chairman of MicroStrategy, has long been an advocate for Bitcoin as a way to hedge against inflation and act as a safe store of value in a digital economy. His recent remarks highlight his belief that Bitcoin could replace traditional financial systems.</p>   
<p>Saylor made a dramatic suggestion to the <strong>U.S. government</strong>:</p>   
<blockquote class="wp-block-quote">
  
 <p><em>“Sell all the U.S. gold and buy Bitcoin. It will devalue gold globally, harming our enemies while increasing U.S. assets to $100 trillion.”</em></p> 
</blockquote>   
<p>In addition to this, Saylor hinted at exciting developments linking Bitcoin with corporate strategies, especially through partnerships with Microsoft. He suggested that <a href="https://coinpedia.org/news/will-microsoft-buy-bitcoin-following-microstrategy-michael-saylors-bold-prediction/" target="_blank" rel="noreferrer noopener">Microsoft could significantly boost</a> its valuation, adding up to $4 trillion by using Bitcoin for cash reserves, dividends, and buybacks.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong>With more institutions adopting Bitcoin, its market potential is rising. Read our <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price prediction</a> for insights on what’s ahead!</strong></p>   
<p><strong>Bitcoin’s Market Reaction</strong></p>   
<p>After MicroStrategy’s latest Bitcoin purchase, Bitcoin’s price saw a slight uptick, trading at<a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener"> <strong>around $99,000</strong></a>. Market analysts speculate that the continued involvement of institutional investors like MicroStrategy could drive Bitcoin’s value higher in the near future.</p>   
<h2 class="wp-block-heading" id="h-saylor-s-market-prediction">Saylor’s Market Prediction</h2>   
<p>During a recent appearance on <em>Fox Business</em>, Saylor shared some ambitious predictions about the cryptocurrency market’s future:</p>   
<ul class="wp-block-list">
  
 <li>The global crypto market could grow from its current <strong>$2 trillion valuation</strong> to <strong>$280 trillion by 2045.</strong></li>   
 <li>Bitcoin could potentially hit <strong>$13 million per coin</strong> by that time.</li> 
</ul>   
<p>Saylor's insights reflect his confidence in Bitcoin’s long-term potential and the market's overall expansion.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
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   https://www.youtube.com/watch?v=vAMjVR5eUE8 
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<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1733750884297">
  <strong class="schema-faq-question"><strong>How much Bitcoin does MicroStrategy own?</strong></strong> 
  <p class="schema-faq-answer">MicroStrategy owns 423,650 BTC, purchased for around $25.6 billion at an average price of $60,324 per Bitcoin as of December 2024.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733750899946">
  <strong class="schema-faq-question"><strong>What does MicroStrategy do in Bitcoin?</strong></strong> 
  <p class="schema-faq-answer">MicroStrategy invests heavily in Bitcoin as a treasury asset, viewing it as a hedge against inflation and a store of value in the digital economy.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733750912041">
  <strong class="schema-faq-question"><strong>Why did MicroStrategy buy so much Bitcoin?</strong></strong> 
  <p class="schema-faq-answer">MicroStrategy sees Bitcoin as a superior store of value compared to traditional assets, aiming to strengthen its financial reserves and long-term growth.</p> 
 </div> 
</div>

Sell Gold, Buy Bitcoin: MicroStrategy CEO Saylor Makes Bold Suggestion

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